Senior Tax Manager at Food Concepts Plc

Requisition ID: 1989
Grade: Level 5

Job Purpose

• To keep the business abreast with and compliant with state and all tax regulations and develop policies for dealing with tax related issues.
• The job holder must be up to date with emerging tax laws and trends and advises the Company on how to manage tax burdens.

Core Responsibilities and Key Result Areas
Strategic Planning and Alignment:

• Lead the implementation of the strategic Tax plan for the Company
• Assist the Company to make rational tax decisions and maximize tax engagements.
• Develops procedures, schedules, priorities and programmes for achieving Tax objectives and goals
• Communicating Tax findings effectively through professionally designed Tax reports
• Prepare financial tax provisions for the Company, and preparing the consolidated Federal and State tax returns periodically

Tax Management:

• Prepares and files annual and periodic tax returns, whilst ensuring the business is not exposed to tax risk
• Keep abreast of relevant updates regrading financial reporting framework and tax regulation whilst advising the business on a need basis.
• Oversee the process of tax computation, Capital Allowance Computation and obtaining certificates of acceptance.
• Fulfill the Company’s tax obligations in a timely fashion, as well as assisting them to file for their tax returns.
• Coordinate the activities of the tax department
• Ensure that the department renders quality tax services to business divisions
• Extend advisory services to individuals and businesses
• Ensure that Company’s tax dealings are in compliance with laid down tax laws
• Prepare tax reports, correspondence, and research memoranda
• Assist or advice the company on how to avert task risks
• Assist or advice the company on how to manage tax burdens
• Identify factors that may lead to tax risks
• Carryout research on new tax laws and trends
• Work closely with the staff and managers of other key departments
• Network with other professionals in the field to remain up to date with changes in tax laws and trends
• Provide tax data for Business divisions and third party professionals

Reporting and Supervision:

• Plan, assigns and supervises audit staff
• Implement Tax operations
• Plan, schedule, coordinate, review and report on the work of Tax staff

Key Performance Indicators

• Timeliness on monthly reports.
• Timeliness of tax filling
• Rate of compliance with internal controls on regulatory filings
• Non-exposure of company to tax risk
• Accuracy of financial report
• Rate of increase in business productivity and profitability

Job Specifications
Educational Requirements:

• A good first degree in Accounting, Economics or Finance
• Possession of a Post graduate degree in Accounting/Business Administration or related field is an added advantage

Professional Requirements:

• Membership of CITN, ICAN, CFA or any other related professional qualification is required.

Experience Requirements:

• Minimum of 8 years in a core financial/Tax Operations capacity

Knowledge Requirements:

• Knowledge  FIRS  and  GAAP 
• Knowledge of SEC  and FRCN rules
• Knowledge of Tax regulations
• Knowledge of the money market
• Knowledge of the Food/QSR Industry processes

Decision Expectations

• Recommend operational, strategic and financial decisions
• Enforce agreed decisions
• Gives recommendations and makes investment decisions
• Provide information to auditors
• Ensures accurate financial reporting
• Analyse income, expenses and reconcile accounts

Working Conditions:

• Jobholder typically work 40 hours per week, Monday to Friday, although some roles may involve weekend or evening work.
• This role is largely office-based, although at times the job may require travel to meetings held off-site, as the company has more than one office; or speaking on the phone which leaves their analysis and research work for evenings and weekends.
• Jobholder is frequently under stress from deadlines, most analysts work full-time, and overtime becomes a routine.